OKX Ventures to Buy 19.6% Stake in South Korea’s Coinone for $53 Million

Coinone announced that it signed a 160 billion won strategic equity investment agreement with Korea Investment & Securities and OKX Ventures, under which each investor will commit 80 billion won, or about $53 million, for a 19.6% stake pending regulatory approval. The deal confirms the previously reported ownership structure and investment size, while later details indicate the transaction combines purchases of existing shares with new share subscriptions rather than relying mainly on newly issued shares alone. Coinone also indicated the parties plan to hold a press conference in South Korea in June. Beyond the ownership transaction, the investment is tied to Coinone’s broader expansion into stablecoins and tokenized securities, signaling an effort to diversify beyond spot crypto trading into blockchain-based financial products that connect digital assets with traditional finance.

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